Piramal Enterprises zooms as its arm aims about Rs 2,200 crore sales bookings in FY23
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Piramal Enterprises is currently trading at Rs. 815.90, up by 25.25 points or 3.19% from its previous closing of Rs. 790.65 on the BSE.
The scrip opened at Rs. 789.00 and has touched a high and low of Rs. 819.00 and Rs. 787.10 respectively. So far 52271 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,586.75 on 05-Jan-2022 and a 52 week low of Rs. 785.00 on 18-Nov-2022.
Last one week high and low of the scrip stood at Rs. 895.00 and Rs. 786.50 respectively. The current market cap of the company is Rs. 19436.77 crore.
The promoters holding in the company stood at 43.48%, while Institutions and Non-Institutions held 39.91% and 16.60% respectively.
Piramal Enterprises’ subsidiary company -- Piramal Realty is aiming about Rs 2,200 crore sales bookings in FY23, up over 40 per cent year-on-year, on strong housing demand. The company has achieved average annual sales bookings of around Rs 2,000 crore in the past five years as it witnessed robust demand for its residential properties across four projects that it has launched so far. Sales bookings were more than Rs 1,500 crore last financial year. Piramal Realty is developing around 12,000 apartments, covering 13 million square feet area, in phases across four residential projects in Mulund, Thane, Mahalaxmi and Byculla in the MMR.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.
